PARSIPPANY, NJ (July 11, 2006) Coldwell Banker Commercial Affiliates, Inc., one of the largest commercial real estate franchisors in the world, and TREE Software and Consulting, Inc (treeSoft™), the industry leader in real estate analytic software products, have formed an alliance to provide Coldwell Banker Commercial^® offices with a robust yet simple to use set of desktop software tools for delivering sophisticated comparative lease analysis, cash flow and valuation analysis to their clients.

The treeSoft products covered in the agreement include OwnerRep™, TenantRep™, LeaseBuy™ and CashFlow™. These products provide features designed specifically for owner representatives, tenant representatives, corporate facilities professionals, investment specialists, appraisers and asset and property managers. The products are comprehensive yet provide the professional with simple data input screens, instant “what if” analysis and the provision of immediate presentation quality reporting.

“Our relationship with treeSoft will provide our professionals with exceptional financial analysis tools to utilize in determining the right real estate solution for their clients,” said Richard W. Davidson, president and COO for Coldwell Banker Commercial Affiliates, Inc. “Coldwell Banker Commercial looks forward to this alliance extending our already strong technology platform."

“treeSoft is excited about our agreement with Coldwell Banker Commercial, whosenetwork reaches key markets throughout the world,” said Michael Tuman, director of customer relations at treeSoft. “The ease of use of our products will allow Coldwell Banker Commercial professionals to focus on transactions while leveraging simple, advanced technology to get transactions done faster with a higher level of client satisfaction.”

About Coldwell Banker Commercial Affiliates, Inc.

Coldwell Banker Commercial Affiliates, Inc. is one of the leading franchisors of commercial real estate in the country. Coldwell Banker Commercial^® is a registered trademark licensed to Coldwell Banker Real Estate Corporation. Coldwell Banker Commercial is a premier provider of real estate services and is recognized globally as a leader in the commercial real estate industry.  Coldwell Banker Commercial affiliates cover territory throughout North America, South America, Europe, Africa, Asia and Australia. Coldwell Banker Commercial provides commercial real estate solutions, serving the needs of owners and occupiers in the leasing, acquisition, disposition, structured finance, and management of all property types. Each office is independently owned and operated.  Coldwell Banker Real Estate Corporation is a subsidiary of Cendant Corporation. (NYSE: CD). For additional information, visit the company’s Web site at www.coldwellbankercommercial.com or contact us at (800) 222-2162.